winhorse/E+ via Getty Images I am giving Canterbury Park Holding Corporation (NASDAQ:CPHC) a HOLD rating because I think that the stock is currently overvalued from a liquidation as well as from a discounted cash flow standpoint. Currently CPHC is not allowed to have slot machines in their casino as they have been exclusively licensed to…
Chris Stein Introduction Whitecap Resources (TSX:WCP:CA)(OTCPK:SPGYF) just released its 1Q2024 results. As expected, the results were excellent, plus the management raised the production guidance without increasing the Capex, which was great news for investors. In this article, I am going to touch on the quarterly earnings briefly. I am then going to build a future…
Tomas Ragina/iStock via Getty Images The historical industrial success of the United Kingdom was from coal and the economic success of the United States in the past century was from oil. Turning to the 21st century and beyond, it is not exaggerated to say that China’s economy and global power will benefit from clean energy…
Sundry Photography Market volatility is back in full force as investors question the possible pace of Fed rate decreases. At this time, richly valued tech stocks are being pummeled more than the rest of the market, and companies with slowing fundamentals are top candidates to be culled from our portfolios. Consider especially Palo Alto Networks…
400tmax Alphabet’s (NASDAQ:GOOG) (NASDAQ:GOOGL) strong earnings sheet for the first fiscal quarter resulted in a 12% upsurge in Google’s share price after-hours and the technology company seems set for a new up-leg in the near future as well. Google reported much better than expected results due to a strong, continual recovery in the digital advertising…
PM Images Overview The rise of interest rates has left many investors scrambling to find the best deals in the market. Unfortunately, many people in the world are on the wrong side of the cash register; they provide the dividends, interest, and debt for the major corporations in the world and dish out most of…
MARHARYTA MARKO Since our last coverage, both AT&T Inc. (NYSE:T) and Verizon Communications Inc. (VZ) stocks have continued to demonstrate close correlation to movements in long-end Treasury yield, as expected. Specifically, both stocks have maintained a consistent yield differential of about three points on a relative basis to U.S. 10-year Treasury yield (US10Y) at current…
Serenethos Earnings of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) will likely increase slightly this year on the back of loan growth. On the other hand, margin contraction will limit the earnings growth. Overall, I’m expecting the company to report earnings of $1.97 per share for 2024, up 1.8% year-over-year. Compared to my last report on…
Alena Kravchenko It’s been a volatile market all year, but small-cap stocks have been rocked more harshly than others. Investors have lost patience for turnaround names, including and especially Yext (NYSE:YEXT), the location data management platform that has been struggling for years despite AI-related technologies. Year to date, shares of Yext have fallen nearly 10%….
Thanakorn Lappattaranan B. Riley Files Annual Report with No Major Adjustments: B. Riley Financial (NASDAQ:RILY) filed its annual report 10-K this morning (April 24). The summary of the changes of the fully audited numbers vs. the company’s Q4 earnings report are in the table and the bullet points below. Snapshot of Changes in RILY 10-K…
D3Damon/E+ via Getty Images Inovio Pharmaceuticals, Inc. (NASDAQ:INO) is a biotechnology company that stands out in advancing DNA-based immunotherapies and primarily focuses on conditions related to Human papillomavirus (HPV), various cancers, and infectious diseases. INO leverages cutting-edge technologies like SynCon DNA plasmids and CELLECTRA electroporation delivery. INO’s technologies permit the development of a broad range…
alvarez JFrog (NASDAQ: FROG) is a US-Israeli provider of a software supply chain development platform that enables organizations to manage end-to-end lifecycle of software development, from development, to release, and to security. I have covered FROG before last year in June, when I wrote about its attractive potential, despite rating the stock neutral at that…
kuremo/iStock Editorial via Getty Images Sega Sammy (OTCPK:SGAMY)(OTCPK:SGAMF) is one of our favourite ideas in the gaming space, which we’ve been covering for a year now. In our last article we focused on Pachinko, but now we are focused on the gaming and entertainment segment, which has been the reason for underperformance. We like Sega…
champpixs Almost a year ago, I penned a draft for Upstart (NASDAQ:UPST) titled: Upstart: Too hard basket until interest rates turn. I had expected the nearing quarterly report to be negative, but instead it was very positive, and instead I completely rewrote the article as “A leaner Upstart can grow from here” and rated the…
Bogdanhoda/iStock via Getty Images Synopsis Concrete Pumping (NASDAQ:BBCP) specializes in concrete pumping and concrete waste management services in both the US and the UK. BBCP’s historical financials have shown strong top-line growth and improvements to net income margin. In 1Q24, revenue continued to report growth. However, margins contracted due to adverse winter conditions. Looking ahead,…
tobiasjo Reinvestment Risk Reinvestment risk is the risk that when your term preferred stocks or your bonds mature that you will not be able to reinvest that money at similar or better yields because interest rates have fallen. This will result in the decline of your future income. At our service, we offer a recommended…
Daddy1971/iStock via Getty Images We believe that most investors are wrong in judging Fair Isaac Corporation (NYSE:FICO) stock as expensive based on current multiples. The pricing power and unique positioning in the market as a natural monopoly make the company still cheap relative to its prospects. We expect topline growth to continue supported by strong…
Robert Way Introduction Coinbase (NASDAQ:COIN) is by far the largest U.S. publicly traded company exposed to crypto assets. Being the dominating crypto exchange in the world’s largest economy provides COIN with a robust brand which allows to attract new users at an impressive pace. The company’s financial performance is still highly volatile, but as the…
Tony Anderson April 22nd ended up being a really interesting day for shareholders of Quanex Building Products (NYSE:NX). This is because the company, which focuses on the production and sale of components for OEMs (original equipment manufacturers) in the building products industry announced a rather major acquisition. This move will significantly increase the size of…
Juanmonino/iStock Unreleased via Getty Images In our last update for Hormel Foods Corporation (NYSE:HRL), we suggested that the bears were pushing deep into oversold territory and risks for a countertrend move were high. We expected a bounce, one that should reset sentiment and prepare the stock for the next big move lower. Specifically, we said:…
Joint Stock Company Kaspi.kz (OTC:KSPI) Q1 2024 Earnings Conference Call April 22, 2024 8:00 AM ET Company Participants David Ferguson – Managing Director, Head of Investor RelationsMikheil Lomtadze – Co-Founder and CEO Conference Call Participants Darrin Peller – Wolfe ResearchGabor Kemeny – Autonomous ResearchJames Friedman – SIGReggie Smith – JPMorgan Operator Hello, everyone, and welcome…
hapabapa Introduction & Investment Thesis ServiceNow (NYSE:NOW) provides an end-to-end workflow automation platform for enterprises. The stock has performed more or less at par with the S&P 500 and Nasdaq 100 YTD. The company reported its Q4 FY23 earnings in January, where it beat on both revenue and earnings expectations, growing 26% YoY and 33.8%…
JHVEPhoto DELL Fell From Its All-Time Highs Dell Technologies Inc. (NYSE:DELL) surged to a new all-time high earlier this month but has since given up most of the gains made in April, as the S&P 500 (SPX) (SPY) fell from its record highs. The leading technology hardware company benefited from the AI hype, even though…
surasak petchang/iStock via Getty Images The following segment was excerpted from this fund letter. Over the past year, we have built a position in our first Canadian listed company. Blackline Safety is a provider of gas detection and safety monitoring systems to the energy, industrial, transportation, and consumer packaged goods verticals. Blackline is led by…
mbortolino The following segment was excerpted from this fund letter. Booz Allen Hamilton (NYSE:BAH) We added Booz Allen Hamilton (BAH) to the growth portfolio in October 2023. I am highlighting Booz Allen this quarter because the exercise of comparing BAH to CACI serves as an interesting example of weighing the trade-offs between “quality” and “value”…
Remitski/iStock via Getty Images The following segment was excerpted from this fund letter. Lifecore Biomedical (NASDAQ:LFCR) Lifecore, discussed above, is our fill-finish CDMO that also has a dominant position in pharmaceutical grade hyaluronic acid production. The company is presently bringing on additional capacity that was planned for ~4 years ago. You likely recall that over…
Yuji Sakai/DigitalVision via Getty Images The following segment was excerpted from this fund letter. Laird Superfood Inc. (NYSE:LSF) Our largest positive contributor to overall fund performance in the quarter came from one of our few American holdings, Laird Superfood Inc. Based in Sisters, Oregon, the eponymous Laird Superfood was launched in 2015 by the big…
JHVEPhoto/iStock Editorial via Getty Images Since the last time I wrote about the Australian multi-commodity miner BHP (NYSE:BHP) (OTCPK:BHPLF) in December 2023, its price is down by 12%. Even at the time, there were risks to the company, prompting a Hold rating. But much has happened since. It released its interim results in February and…
lcva2 The following segment was excerpted from this fund letter. Endava plc (NYSE:DAVA) Our laggard Endava has detracted ~ 350 bps from performance this quarter. Endava was down 40% after it reported earnings in February. This was a 3% position before this decline, but we have since added to the stock to make it one…
Jian Fan/iStock via Getty Images The following segment was excerpted from this fund letter. Lifecore Biomedical (NASDAQ:LFCR) Our laggard Lifecore has detracted ~350 bps from performance this quarter. In our FY 2023 letter, we noted our less-than-ideal experience with merger-arbitrage strategies, with Lifecore Biomedical being the sole remaining investment of this nature in the portfolio….
KanawatTH/iStock via Getty Images The following segment was excerpted from this fund letter. Converge Technology Solutions (OTCQX:CTSDF, TSX:CTS:CA) “If you’re going to invest in stocks for the longer term, there are going to be periods when there’s a lot of agony. I think you just have to learn to live through them.” -Warren Buffett Converge…
lcva2 Introduction Back in November 2023, I wrote my first article on multinational business services provider Teleperformance SE (OTCPK:TLPFF, OTCPK:TLPFY). At the time, TP shares were trading at around €140, well below their all-time high of €400 in 2021. What looked like a deep value opportunity at first glance, however, turned out to be not…
We Are The ADBE Investment Thesis Is Even More Attractive After The Recent Pullback Adobe (NASDAQ:NASDAQ:ADBE) along with Autodesk (ADSK) are two stocks that does not require an introduction indeed, given that I am a licensed architect with nearly two decades of cumulative education and experience. With ADBE offering a well diversified SaaS offerings across…
Richard Drury/DigitalVision via Getty Images Dole PLC (NYSE:DOLE) has faced a volatile last couple of years since its 2021 IPO. The company recognized as a global leader in food categories of fresh fruit and produce has been challenged to deal with supply chain constraints, inflationary cost pressures, as well as a shifting post-pandemic consumer spending…
David Trood/DigitalVision via Getty Images As a Canadian investor, one of my biggest regrets in the past decade has been not buying into the Great Canadian Cannabis hype cycle in the 2010s. Many fortunes were made in the sector, as early investors saw 10x-20x gains. One of the cannabis stocks that I missed out on…
J Studios/DigitalVision via Getty Images Come for the dividend stock picks, stay for the economic analysis. Or come for the economic analysis and stay for the stock picks. Or just read one section and skip the other. Whyever you’re here, let’s get to it. The market has given us plenty to ruminate on, both on…
KathyDewar Elevator Pitch My Buy rating for Hitachi, Ltd. (OTCPK:HTHIY) [6501:JP] shares stays unchanged. I wrote about Hitachi’s latest M&A transactions and its carbon neutrality business in my December 27, 2023 write-up. My view is that Hitachi’s upcoming quarterly results release won’t throw up any negative surprises. In the intermediate to long term, the company’s…
JasonDoiy The following segment was excerpted from this fund letter. PayPal (NASDAQ:PYPL) PayPal has been a long-standing holding for Wedgewood, since 2015. After taking some of our gains around the company’s COVID-19-fueled peak in 2021, we have been adding to the stock slowly over the past two years, taking it back to a significant position…
BogdanV/iStock via Getty Images The following segment was excerpted from this fund letter. Perimeter Solutions (NYSE:PRM) In fact, our best performing stock this quarter is the anthesis of a mega cap tech stock. Perimeter Solutions, a $1 billion market cap company that sells fire retardant to fight forest fires, was up 61%. Given the small…
Image Source/DigitalVision via Getty Images I am updating my previous analysis on Spok Holdings, Inc. (NASDAQ:SPOK) in advance of Q1 earnings, which will be released post-market on Friday, April 26th. Since my last analysis, SPOK has been essentially flat, with a total return of -0.6%, while the S&P 500 yielded over 9% during the same…
sommart Canadian Western Bank (OTCPK:CBWBF) (TSX:CWB:CA) also known as CWB is a Canadian banking institution based out of Western Canada. As of Dec 31, 2023, its total asset size is approximately $43 billion. This makes CWB the 8th largest bank in Canada by total asset size. A move up from 10th place several years ago….
ymgerman Apple (NASDAQ:AAPL) is one of an elite group of companies with a market capitalization above $2 trillion. When I last wrote about the company a year ago, the valuation was $2.7 trillion, slightly higher than the current level. That is one key reason I think the name is a buy today, as opposed to…
PM Images Introduction I initiated coverage of Sterling Infrastructure, Inc (NASDAQ:STRL) stock in July 2023 when 1 share was trading at $59.11. Today, STRL trades at $98.32 and has since strongly beaten the broader market thanks to its quality business growth (i.e. growth of the top line against a backdrop of margin expansion). The last…
pablorebo1984/iStock Editorial via Getty Images Shares of Spanish bank Bankinter (OTCPK:BKIMF)(OTCPK:BKNIY) enjoyed a nice bump this week following strong first quarter results, helping to fuel meaningful year-to-date outperformance versus wider European financials (EUFN). With interest rate spreads and credit quality both remaining resilient given where we are in the cycle, Bankinter continues to report very…
PM Images Two years ago, I focused on how the rise in mortgage rates would harm the value of mortgage REITs. My bearish outlook on the giant Annaly (NYSE:NLY) was established at the beginning of the year. Mortgage rates had just begun to rise then, and I believe they’d increase significantly due to prolonged inflation….
milanvirijevic/E+ via Getty Images Limbach Holdings, Inc. (NASDAQ:LMB) currently looks intriguing as a potential investment due to the low valuation and strong expected growth in 2024. The stock’s recent dip in price looks like a good buying opportunity. Limbach is a building systems solution company that provides mechanical, electrical, and plumbing [MEP] services. Limbach specializes…
Gary Yeowell Texas Capital Bancshares (NASDAQ:TCBI) has just released its Q1 2024 results and the market first reacted positively (+3.50% in pre-market): GAAP EPS of $0.46 misses by $0.12. Revenue of $256.33M (-6.0% Y/Y) beats by $3.25M. The net interest margin has returned to growth and management is confident of a price-per-share recovery. In fact,…
Sundry Photography Amid softer macro trends across the globe, many companies have taken to one overarching strategy for solving top-line pressures: increased pricing. I’m generally wary of this strategy as a lever to chase long-term revenue growth, as price increases are more of a one-time driver that fades from a y/y growth perspective as soon…
Monty Rakusen Article Thesis ASML Holding N.V. (NASDAQ:ASML) is one of the most important companies in the wider chip industry. The company’s most recent earnings results, reported on Wednesday morning, were uninspiring, however, which caused a steep sell-off. For longer-term investors who believe in the chip story, this share price decline could be a buying…
Gary Yeowell Summary Following my coverage of CSX Corp. (NASDAQ:CSX), for which I recommended a buy rating given the strong business moat and positive volume outlook through 2024, this post is to provide an update on my thoughts on the business and stock. I reiterate my buy rating for CSX, as 1Q24 results proved my…